Question 1 Alpha and Beta both use predetermined overhead rates to apply factory overhead to production. Alpha's is based on direct labour hours and Beta's is based on material cost. Budgeted production and cost data for Alpha and Beta are as follows: Manufacturing overhead Units Direct labour hours $150000 $400000 At the end of the year Alpha Company had incurred overhead of $221,000 and produced 9,300 units using 6,100 direct labour hours and materials costing $141000. Beta had incurred overhead of $316,500 and produced 20,500 units using ?,550 direct labour hours and materials costing $411,000. (a) Compute the predetermined overhead rates for Alpha and Beta. (b) Was overhead over or under applied for each company and by how much? At the end of the Question 2 Thayn Company has identied the following overhead costs and cost drivers for the coming year: Overhead item Expected cost Cost driver Practical level Setupcost 0120.000 __ Ordering costs 0000.000 Machine 0000 Power $25,000 Kilowatt hours 50,000 Direct materials Direct labour Units completed Number of setu: 5 Number of orders Machine hours Kilowatt hours The company's normal activity is 5,000 direct labour hours. Both Job 125 and Job 128 used 100 labour hours each. Required a) Determine the unit cost for each job using direct labour hours to apply the overhead. b) Determine the unit cost for each job using the four cost drivers. c) Which method uses the most accurate cost assignment? Why? Question 3 12-37 ABC in job costing: ABM; non-value-added activities Kestral Manufacturing identied the following overhead costs and cost drivers for the current period. Kestral produces customised products that move through several different